Stellar 's (XLM) latest Q4 2024 report has sparked optimism among investors...
Stellar 's (XLM) latest Q4 2024 report has sparked optimism among investors, highlighting significant growth in network activity and Stellar 's position in the Real World Asset (RWA) market.
๐ Impressive Growth During 2024
In the last quarter of 2024, Stellar experienced a remarkable surge, with its value rising from $0.075 to nearly $0.63 at its peak. Although the value has since declined, the token still maintains a 280% annual gain.
๐ Stellar 's Network Expansion Fuels Optimism
Stellar 's Q4 report revealed significant growth across multiple metrics:
๐น The number of active addresses rose to 9 million
๐น $4.1 billion worth of transactions were processed during the quarter
๐น Stellar is now the third-largest blockchain in terms of total transactions
๐ Growing Position in RWA Markets
Particularly noteworthy is Stellar 's growing dominance in the RWA market. The blockchain now hosts $458 million worth of tokenized assets, making it the fourth-largest player in this rapidly expanding sector. RWAs involve tokenizing traditional financial instruments such as bonds and real estate, making them accessible on the blockchain.
As institutional adoption of RWAs increases, Stellar 's early positioning in this market could drive further network activity and demand for XLM.
๐ Competitive Edge Through Low Transaction Costs
One of Stellar 's key strengths is its cost-efficiency. The network ranks first globally in transaction fee affordability, with average costs of $0.000010 per transaction. This efficiency gives Stellar a distinct advantage over competitors like Ethereum, which often grapples with high gas fees.
๐ Analyst Predictions
Analysts predict a potential 120% rally for XLM, setting a target price of $0.75-$0.80. The growth of RWA markets and low transaction fees are key factors that could drive demand for XLM in the future.
Stellar 's strong performance and strategic position in the RWA market provide a foundation for optimistic forecasts. However, as always in the cryptocurrency market, investors should remain vigilant and consider market volatility.